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Rajat K. Gupta Will Not Stand for Re-Election to the Goldman Sachs Board of Directors

New York, March 19, 2010 –The Goldman Sachs Group, Inc. (NYSE: GS) today announced that Rajat K. Gupta has decided not to stand for re-election to the Board of Directors at the 2010 Annual Meeting of Shareholders. Mr. Gupta has been a director of Goldman Sachs since November 2006. During that time, he served as a member of the Audit, Compensation and Corporate Governance and Nominating Committees.

“Rajat has made important contributions to Goldman Sachs as a board member,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “His independent advice, keen understanding of the issues and belief in our culture has had a tremendous impact on our firm.”

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

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